Kevin at KAB Electronics sent the following response to my followup querie on this topic:

About 3 weeks ago, an official announcement was made to all distributors
that the Technics line of turntables is now discontinued.

If you desire a brand new one, you will have to start searching. They
purposely waited until all inventory was depleted. So It will be very hard
to find new merchandise.

What I will likely do going forward is try to create like new refurbished
decks. Since many of the cosmetic items like top plates and dust covers
should remain available for a few years to come.

That's a shame.

For the DJ set, I think people can make due with Stanton and Numark tables, but for transfer guys 
like me, a KAB-hotrodded 1200 has been a really good choice as far as value meeting high quality.

RIP another analog legend.

-- Tom Fine